0.27 Acres Lot
0.27 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Subdivision Northcreek
MLS Listing ID E103549
Construction Status Resale
HOA Y/N No
Year Built 1985
Annual Tax Amount $3,236
Tax Year 2025
Lot Size 0.270 Acres
Acres 0.27
Property Sub-Type Quadruplex
Property Description
This asset is currently underperforming due to below-market rents and needed updates, creating a prime value-add opportunity for investors looking to increase cash flow and long-term equity.
Current Rent Roll:
Unit 1: $1,000/month (Section 8) – Lease through January 2027
Unit 2: $650/month – Lease through November 2026
Unit 3: Vacant – Ready for renovation (estimated ~$10K)
Unit 4: $750/month – Lease through June 2026
Investment Highlights:
All units are 3BR/2BA – strong tenant demand and higher rent potential
Single-story construction – lower maintenance and broader tenant appeal
Clear path to increased rents and stabilized income
Ideal for investors seeking a value-add repositioning opportunity
Market rents for comparable units in the area are estimated at $1,200–$1,400 per unit, offering substantial upside once improvements and lease adjustments are completed.
A recent comparable sale within the complex—a smaller 2BR/2BA unit—sold for $390,000, further supporting the long-term value potential of this larger, more desirable unit mix.
This property is being offered below market value to reflect current rents and condition, making it an excellent opportunity for investors ready to unlock its full potential.
Location
State AL
County Russell
Body of Water None
Interior
Interior Features InteriorFeatures
Heating Central
Cooling Central Air, Ceiling Fan(s)
Fireplace No
Window Features None
Exterior
Parking Features Driveway
Fence None
Community Features None
Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
Waterfront Description None
View Y/N Yes
Water Access Desc Public
View City
Roof Type Shingle
Accessibility None
Total Parking Spaces 2
Building
Lot Description Corner Lot
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick
Construction Status Resale
Others
Security Features None
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan
Green/Energy Cert None
Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan
Special Listing Condition Standard, None
Nearby Locations
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